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Ottobock shares drop 10% on short report

Ottobock shares fell 10% after Grizzly Research short report highlights owner debt risk. Target price set at €30.

Julianne Alice
ByJulianne Alice- Senior Editor
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Shares of Ottobock SE plunged over 10% on Tuesday after Grizzly Research published a short-seller report alleging debt risks tied to the company's controlling shareholder.

The report claims majority owner Hans Georg Näder pledged his 81% stake against a €1.02 billion loan with 15% annual interest, maturing in 2030.

Ottobock went public in October 2025 at a valuation of €3.8 billion. Grizzly set a fair-value target of €30 per share.

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